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Aurora Cannabis (TSE:ACB) Trading Down 20.3% - What's Next?

Aurora Cannabis logo with Medical background

Aurora Cannabis Inc. (TSE:ACB - Get Free Report) shares were down 20.3% during mid-day trading on Wednesday . The company traded as low as C$6.36 and last traded at C$6.39. Approximately 1,467,582 shares were traded during trading, an increase of 183% from the average daily volume of 519,110 shares. The stock had previously closed at C$8.02.

Aurora Cannabis Price Performance

The company has a debt-to-equity ratio of 18.72, a quick ratio of 2.48 and a current ratio of 3.42. The company has a market capitalization of C$305.82 million, a price-to-earnings ratio of -6.90 and a beta of 2.71. The company has a 50-day moving average price of C$6.98 and a 200-day moving average price of C$6.70.

About Aurora Cannabis

(Get Free Report)

Aurora Cannabis, headquartered in Edmonton, Canada, cultivates and sells medicinal and recreational cannabis through a portfolio of brands that includes Aurora, CanniMed, Daily Special, MedReleaf, and San Rafael '71. Although the company primarily operates in Canada, it has expanded internationally through medical cannabis exporting agreements or cultivation facilities in more than 20 countries.

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